News

Note: This section contains information in English only.
Wed, 02 Sep 2020 20:42:31 GMT

Skillz to go public on NYSE through merger

Mobile gaming company Skillz Inc is set to float shares on the NYSE through the merger with blank-check firm Flying Eagle, which will value the firm at around $3.6B.

Wed, 02 Sep 2020 20:26:12 GMT

Unilever to remove fossil fuels from its products

Unilever Plc is set to invest €1B to remove fossil fuels from products by 2030, decreasing the carbon emissions created by the chemicals used in production.

Wed, 02 Sep 2020 19:17:16 GMT

Commerzbank to drop EY as its auditor

Commerzbank became the latest firm to drop Ernst & Young as its auditor, following the Wirecard accounting scandal whose accounts EY signed off.

Wed, 02 Sep 2020 17:46:30 GMT

Ford to cut 1.4K jobs in US

Ford Motor Co announced its intention to eliminate 1.4K salaried jobs in the US by year-end within a multiyear $11B restructuring.

Wed, 02 Sep 2020 16:59:40 GMT

Ingka to invest to cut emissions

Ingka Group, one of the owners of IKEA stores, announced plans for sustainability-related investments of €600M over the next 12 months.

Wed, 02 Sep 2020 15:45:19 GMT

Lego sales up 14% in H1

Sales of Lego surged 14% in the first six months of 2020, while revenue grew only 7% to nearly $2.5B, the Danish toymaker reported.

Wed, 02 Sep 2020 14:51:04 GMT

Netflix, NMG team up for Russian service

Russia's National Media Group and treaming giant Netflix established a partnership to run the US group's service in Russia.

Wed, 02 Sep 2020 14:33:04 GMT

Flipkart launches wholesale service in India

On Wednesday, Walmart's Flipkart has rolled out its online wholesale service on the back of the Indian company's plans to compete with Amazon in the e-commerce market.

Wed, 02 Sep 2020 13:13:36 GMT

Daimler to roll out new Mercedes-Benz S-Class

Daimler is set to launch its new Mercedes-Benz S-Class sedan on Wednesday, raising hopes the new model will return the German automaker to the profitability in 2021 after weak high-end car demand during the pandemic.

Wed, 02 Sep 2020 12:03:54 GMT

Citi China gets fund custody licence

China's Securities Regulatory Commission has granted Citigroup's Chinese unit with a local fund custody licence, according to the lender's statement made on Wednesday.

Wed, 02 Sep 2020 10:41:13 GMT

AT&T explores Xandr ad unit sale

AT&T is considering to sell Xandr advertising unit due to its restructuring plans to become a media and ad powerhouse transforming from the wireless carrier.

Wed, 02 Sep 2020 10:03:04 GMT

German publishes retail sales data

On Wednesday, the German retail sales data revealed a decline in July, which was not expected. Due to that reason a decline in EUR occurred.

Wed, 02 Sep 2020 08:47:03 GMT

Domino's names new permanent CFO

On Wednesday, Britain's Domino's Pizza Group has appointed Neil Smith as its permanent interim CFO to succeed David Bauernfeind, who passed away last year.

Wed, 02 Sep 2020 07:43:58 GMT

Nvidia unveils new gaming chips

Nvidia Corp unveiled new powerful gaming chips that had been designed by using Micron Technology's new memory tech and were manufactured by Samsung Electronics.

Wed, 02 Sep 2020 07:26:31 GMT

Ryanair's traffic rises 59% mom in August

Ryanair reported the number of passengers it flew surged 59% month-over-month to 7M in August after returning to more regular schedule; however, still marking a weaker reading compared to the prior year's same period.

Wed, 02 Sep 2020 06:26:44 GMT

Exxon considers global job trims

On Wednesday, Exxon Mobil announced it was considering potential global job cuts, after unveiling a voluntary programme of layoffs in Australia.

Wed, 02 Sep 2020 04:59:08 GMT

Maersk to slash jobs

Maersk announced on Tuesday that it would slash jobs in a major reorganization that would affect one-third of the company's staff.

Wed, 02 Sep 2020 03:59:16 GMT

US manufacturing activity hits 19-month high

According to the ISM data, the US manufacturing activity rose to a reading of 56.0 in August, the highest since January 2019.

Wed, 02 Sep 2020 03:01:09 GMT

Brazil's economy declines in Q2

According to the Brazilian government statistics agency IBGE, Brazil's gross domestic product declined by 9.7% in the Q2.

Wed, 02 Sep 2020 01:33:38 GMT

Chilean economic activity declines by 10.7% in July

Chile's Central Bank announced on Tuesday that economic activity declined by 10.7% in July, as the country remained under COVID-19 lockdown.

Tue, 01 Sep 2020 20:06:13 GMT

Portuguese economy contracts 16.3%

The Portuguese economy contracted 16.3% in the second quarter of 2020, compared to the same period the previous year, the Portuguese National Institute of Statistics reports.

Tue, 01 Sep 2020 19:21:08 GMT

Sri Lanka inflation declines to 4.1%

Inflation in Sri Lanka declined to 4.1% in August, compared to 4.2% in July, a statement published by the Central Bank of Sri Lanka shows.

Tue, 01 Sep 2020 17:42:29 GMT

Tesla unveils biggest program of new share sales

On Tuesday, Tesla Inc launched a $5 billion capital raise, as the company plans to use the proceeds to strengthen its balance sheet.

Tue, 01 Sep 2020 16:53:04 GMT

UK to urge people to return to workplaces

A spokesman for the UK Prime Minister Boris Johnson said that the government would launch a media campaign this week to urge workers to return to their workplaces.

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